True on all accounts in your pots breh.
And like brotha chuck said... "Or else we gotta shut em down".
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True on all accounts in your pots breh.
And like brotha chuck said... "Or else we gotta shut em down".
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Dillard receives $1 million from the Ray Charles Foundation
NEW ORLEANS — The Ray Charles Foundation is continuing its longstanding relationship with Dillard University with a $1 million grant. The grant will continue to support the University’s Ray Charles Program in African-American Material Culture which launched a food studies minor in the spring of 2020. Funds will also support scholarships for students participating in the program.
“The Dillard University Ray Charles Program in African-American Material Culture is humbled and honored to receive a generous grant from the Ray Charles Foundation to continue to build on Ray Charles’ vision and mission to celebrate, preserve and document African-American material culture. A portion of the grant will also help us to provide scholarships to students enrolled in our new food studies minor,” said Zella Palmer, the program’s director and endowed chair.
Food studies, one of the top growing interests of study at American universities, is a degree-seeking minor which involves the governance, planning, history, design, business and implementation of food systems within urban and rural environments. There are currently 50 students enrolled in the program.
A gift left the Morehouse Class of ’19 debt-free. Here’s how it’s changing their lives.
1 day ago
Heard on:
Elijah Dormeus is “literally still in awe of the love that was given to the class, all 400 of us.” Above, Dormeus is surrounded by his family at his Morehouse graduation in 2019. Courtesy Elijah Dormeus
Two years ago, on a hot, sunny day in Atlanta, Robert F. Smith did something no other graduation speaker has done before or since. He told the Morehouse College class of 2019 that he was going to pay off all their student loans.
“On behalf of the eight generations of this family who have been in this country, we’re going to put a little fuel in your bus,” the billionaire investor said near the end of his speech. “This is my class, 2019. And my family is making a grant to eliminate their student loans.”
In the audience, Jarvis Mays, one of the co-valedictorians, was sitting next to a dean.
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Frank Lawrence Jr. remembers standing up and clapping, along with the rest of the class, and wondering, “Is this really happening?”
It was.
$34 million in student loans paid off
Later that summer, Smith made good on his promise and paid off roughly $34 million in loans that both the graduates and their parents had taken out.
The fact that Smith gave that gift to a class at Morehouse, a historically Black men’s college, was particularly significant because Black Americans “are more likely to graduate with debt, and that debt increases over time,” said Dorothy Brown, a law professor at Emory University and author of “The Whiteness of Wealth: How the Tax System Impoverishes Black Americans — and How We Can Fix It.”
Black students tend to borrow more money than white students to go to college, and students at historically Black colleges and universities, in particular, borrow nearly twice as much as students at non-HBCUs. At Morehouse, more than 85% of students take out loans. In 2019, the average debt at graduation was between $35,000 and $40,0000. Black students are also more likely to pursue graduate degrees and take on more debt.
“Not only are their debt loads higher, research shows Black college graduates are more likely to send money home to their parents and other family members, and white college graduates are more likely to receive money from their parents or grandparents that allows them to build wealth,” Brown said. “Student debt is a significant drag on Black college grads who have done everything right, their ability to produce wealth going forward.”
To this day, Jarvis Mays can’t completely process the magnitude of Robert Smith’s gift.
“People say ‘I want to win the lottery,’” he said. “In a way … all 400 of my classmates won the lottery that day.”
Peace of mind
For him, getting out of Morehouse debt-free has given him more peace of mind in medical school.
“I knew that the path that I was on was going to accrue a lot of debt,” said Mays, who’s now in his second year at the University of Pennsylvania, studying to become a surgeon.
Medical students graduate with more than $200,000 in debt on average, and more than 40% come in already owing money for their undergraduate degrees.
Robert F. Smith and Elijah Dormeus shake hands during graduation. Smith paid off the student loans for the entire Morehouse class of 2019. (McCollum Photography, courtesy of Elijah Dormeus)
“So just to kind of focus on school and not necessarily look at a number and know that that’s waiting for me to pay back, that was a huge relief that made me go into medical school with a clearer head,” Mays said.
For many of his friends and classmates who are not still in school and are now working, having their undergraduate debt paid off has put them in a position to buy homes, invest and start to accumulate some wealth, things many of them otherwise wouldn’t have been in a position to do for years, he said, “because if you’re constantly just owing money, it’s hard to accumulate wealth and be able to pass that down to generations that come after you.”
Accumulating generational wealth
It is still too early to really know how much Robert F. Smith’s gift will change things for the Morehouse class of 2019. Many, like Mays, are still in school, and others are just starting their careers. But for Frank Lawrence Jr., it has already changed a lot.
“Over the last two years, it’s been so significant,” he said. “Because I have that space and freedom to take risks … I’ve made decisions that I wouldn’t have thought I would ever make,” like quitting a job that wasn’t quite right and trying to start his own nonprofit.
Lawrence wasn’t even supposed to be in the class of 2019. He started out as class of 2018. But his junior year, he got a D in a key psychology class and ended up being held back a year. That turned out to be his lucky break, because if he’d passed that class and graduated when he was supposed to, “I would have had to pay back $65,000 in student loans,” he said.
Instead, every penny of those loans that Lawrence and his mom took out to pay for Morehouse was paid off.
Saving and investing
Not having student loan payments has also allowed Lawrence to build up savings and also start investing in the stock market.
“It was something that I was always interested in, but I knew that I didn’t have the capital or the time to invest in investing,” he said.
Now he does. Every two weeks, he puts about $90 into the market.
“I’m really just starting out,” he said. “But it really feels like I’m … not trying to get to that moment of, ‘Finally, I’ve paid off my loans, and I’m able to start saving and investing.’ But I’m able to start that now and then see where it puts me in a year to five years from now.”
Two years after graduation, Elijah Dormeus is “literally still in awe of the love that was given to the class, all 400 of us,” he said.
“Blessed. Blessed, luckily loved. I think it’s loved. I think that’s the best word … I am beyond the word grateful, beyond the word moved by it, because it offered up so much opportunity.”
Paying it forward
Dormeus and his mom, who raised nine kids in a low-income housing complex in New York City, had taken out over $100,000 in loans to pay for Morehouse. Having all of that paid off right after graduation lifted a huge burden — for him, his mom and for his younger siblings.
“Now my brothers can go to college off of her. They get scholarships off of her, they could do anything they want,” he said.
Dormeus, who is currently working full time at AT&T and also building his own nonprofit, is determined to pay it forward and help other students from low-income backgrounds.
That’s something he was passionate about, and already working on, well before graduation. It’s also something Robert F. Smith charged the class of 2019 with doing in his graduation speech that day.
“I want my class to look at these alumnus, these beautiful Morehouse brothers, and let’s make sure every class has the same opportunity going forward,” he said.
Two years later, Smith now meets with members of the class once a month to talk about how to do that
- Samantha Fields
1 day ago
Heard on:
Elijah Dormeus is “literally still in awe of the love that was given to the class, all 400 of us.” Above, Dormeus is surrounded by his family at his Morehouse graduation in 2019. Courtesy Elijah Dormeus
Two years ago, on a hot, sunny day in Atlanta, Robert F. Smith did something no other graduation speaker has done before or since. He told the Morehouse College class of 2019 that he was going to pay off all their student loans.
“On behalf of the eight generations of this family who have been in this country, we’re going to put a little fuel in your bus,” the billionaire investor said near the end of his speech. “This is my class, 2019. And my family is making a grant to eliminate their student loans.”
In the audience, Jarvis Mays, one of the co-valedictorians, was sitting next to a dean.
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Frank Lawrence Jr. remembers standing up and clapping, along with the rest of the class, and wondering, “Is this really happening?”
It was.
$34 million in student loans paid off
Later that summer, Smith made good on his promise and paid off roughly $34 million in loans that both the graduates and their parents had taken out.
The fact that Smith gave that gift to a class at Morehouse, a historically Black men’s college, was particularly significant because Black Americans “are more likely to graduate with debt, and that debt increases over time,” said Dorothy Brown, a law professor at Emory University and author of “The Whiteness of Wealth: How the Tax System Impoverishes Black Americans — and How We Can Fix It.”
Black students tend to borrow more money than white students to go to college, and students at historically Black colleges and universities, in particular, borrow nearly twice as much as students at non-HBCUs. At Morehouse, more than 85% of students take out loans. In 2019, the average debt at graduation was between $35,000 and $40,0000. Black students are also more likely to pursue graduate degrees and take on more debt.
“Not only are their debt loads higher, research shows Black college graduates are more likely to send money home to their parents and other family members, and white college graduates are more likely to receive money from their parents or grandparents that allows them to build wealth,” Brown said. “Student debt is a significant drag on Black college grads who have done everything right, their ability to produce wealth going forward.”
To this day, Jarvis Mays can’t completely process the magnitude of Robert Smith’s gift.
“People say ‘I want to win the lottery,’” he said. “In a way … all 400 of my classmates won the lottery that day.”
Peace of mind
For him, getting out of Morehouse debt-free has given him more peace of mind in medical school.
“I knew that the path that I was on was going to accrue a lot of debt,” said Mays, who’s now in his second year at the University of Pennsylvania, studying to become a surgeon.
Medical students graduate with more than $200,000 in debt on average, and more than 40% come in already owing money for their undergraduate degrees.
Robert F. Smith and Elijah Dormeus shake hands during graduation. Smith paid off the student loans for the entire Morehouse class of 2019. (McCollum Photography, courtesy of Elijah Dormeus)
“So just to kind of focus on school and not necessarily look at a number and know that that’s waiting for me to pay back, that was a huge relief that made me go into medical school with a clearer head,” Mays said.
For many of his friends and classmates who are not still in school and are now working, having their undergraduate debt paid off has put them in a position to buy homes, invest and start to accumulate some wealth, things many of them otherwise wouldn’t have been in a position to do for years, he said, “because if you’re constantly just owing money, it’s hard to accumulate wealth and be able to pass that down to generations that come after you.”
Accumulating generational wealth
It is still too early to really know how much Robert F. Smith’s gift will change things for the Morehouse class of 2019. Many, like Mays, are still in school, and others are just starting their careers. But for Frank Lawrence Jr., it has already changed a lot.
“Over the last two years, it’s been so significant,” he said. “Because I have that space and freedom to take risks … I’ve made decisions that I wouldn’t have thought I would ever make,” like quitting a job that wasn’t quite right and trying to start his own nonprofit.
Lawrence wasn’t even supposed to be in the class of 2019. He started out as class of 2018. But his junior year, he got a D in a key psychology class and ended up being held back a year. That turned out to be his lucky break, because if he’d passed that class and graduated when he was supposed to, “I would have had to pay back $65,000 in student loans,” he said.
Instead, every penny of those loans that Lawrence and his mom took out to pay for Morehouse was paid off.
Saving and investing
Not having student loan payments has also allowed Lawrence to build up savings and also start investing in the stock market.
“It was something that I was always interested in, but I knew that I didn’t have the capital or the time to invest in investing,” he said.
Now he does. Every two weeks, he puts about $90 into the market.
“I’m really just starting out,” he said. “But it really feels like I’m … not trying to get to that moment of, ‘Finally, I’ve paid off my loans, and I’m able to start saving and investing.’ But I’m able to start that now and then see where it puts me in a year to five years from now.”
Two years after graduation, Elijah Dormeus is “literally still in awe of the love that was given to the class, all 400 of us,” he said.
“Blessed. Blessed, luckily loved. I think it’s loved. I think that’s the best word … I am beyond the word grateful, beyond the word moved by it, because it offered up so much opportunity.”
Paying it forward
Dormeus and his mom, who raised nine kids in a low-income housing complex in New York City, had taken out over $100,000 in loans to pay for Morehouse. Having all of that paid off right after graduation lifted a huge burden — for him, his mom and for his younger siblings.
“Now my brothers can go to college off of her. They get scholarships off of her, they could do anything they want,” he said.
Dormeus, who is currently working full time at AT&T and also building his own nonprofit, is determined to pay it forward and help other students from low-income backgrounds.
That’s something he was passionate about, and already working on, well before graduation. It’s also something Robert F. Smith charged the class of 2019 with doing in his graduation speech that day.
“I want my class to look at these alumnus, these beautiful Morehouse brothers, and let’s make sure every class has the same opportunity going forward,” he said.
Two years later, Smith now meets with members of the class once a month to talk about how to do that
get these nets
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get these nets
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Good shyt @Get These Nets 
I was flipping through one of those US News College guides, recently. There was a section on HBCUs. The alumni giving rates are atrocious at HBCUs.
Spelman College (39%)
Howard University (8%)
Hampton University (15%)
Morehouse College (13%)
Tuskegee University (18%)
FAMU (5%)
North Carolina A&T (8%)
Bethune Cookman (9%)
Morgan State (11%)
Most of the other schools were listed as (N/A), which suggests giving rates were so low, the schools didn't even want to self report.
In another thread, nikkas wanted to know what happened to Morris Brown.
Look at what the "elite" HBCUs are facing in terms of funding.
@CashmereEsquire @NeilCartwright
1. Lower enrollment in most of these schools
2. Professionals with degrees from HBCUs still get paid less than their PWI counterparts.
3. State Schools also get state funding
4. Ivy League and baby Ivys have alumni/legacy that go back to the founding of America itself. That's money that a degree simply cannot buy.
get these nets
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get these nets
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Fundraiser lauds state for aiding Black colleges
May 30, 2021
State Rep. Fred Love; State Sen. Joyce Elliott; State Reps. Jamie Scott and Fred Allen; Philander Smith College President Roderick L. Smothers Sr.; State Rep. Monte Hodges; State Sen. Linda Chesterfield; State Reps. Denise Ennett and Vivian Flowers; and Gov. Asa Hutchinson
Leaders in local and state government, philanthropists, business representatives and community leaders joined May 8 with Dr. Roderick L. Smothers Sr., president of Little Rock's Philander Smith College, to honor Gov. Asa Hutchinson and the Arkansas Legislative Black Caucus for their commitment to historically Black colleges and universities at a fundraising celebration hosted by Linda and Rush Harding.
Hutchinson was presented the Forward Vision Award for his support to the institution throughout his tenure. State Rep. Monte Hodges, Caucus chairman, accepted an award on behalf of the group's ongoing dedication to Philander Smith.
"We are delighted to recognize and honor Gov. Hutchinson and members of the Arkansas Legislative Black Caucus, who have proven themselves to be true friends of the HBCUs in Arkansas, particularly Philander Smith College," Smothers said. "Their commitment to the future of this great state is demonstrated by their focus on improving the lives of Arkansans by investing in higher education."
Along with eight members of the Caucus, the approximately 150 guests included Lisenne Rockefeller; Little Rock Mayor Frank D. Scott Jr; Arkansas Hospital Association executive Romeeka Taylor; and Archie Schaffer and Jeffrey Wood with Tyson Foods. Other distinguished guests included Bob Dodson, Arkansas Realtors Association; Arkansas Attorney General Leslie Rutledge; and Randy Zook, president/chief executive officer of the Arkansas State Chamber of Commerce. Members of the Philander Smith board of trustees present were Dr. Maurice Gipson, Dr. Tionna Jenkins, Karyn Bradford Coleman, Roderick Dunn and Bishop Gary Mueller of the Arkansas Conference of the United Methodist Church.
The event yielded more than $350,000 for the college
May 30, 2021
Leaders in local and state government, philanthropists, business representatives and community leaders joined May 8 with Dr. Roderick L. Smothers Sr., president of Little Rock's Philander Smith College, to honor Gov. Asa Hutchinson and the Arkansas Legislative Black Caucus for their commitment to historically Black colleges and universities at a fundraising celebration hosted by Linda and Rush Harding.
Hutchinson was presented the Forward Vision Award for his support to the institution throughout his tenure. State Rep. Monte Hodges, Caucus chairman, accepted an award on behalf of the group's ongoing dedication to Philander Smith.
"We are delighted to recognize and honor Gov. Hutchinson and members of the Arkansas Legislative Black Caucus, who have proven themselves to be true friends of the HBCUs in Arkansas, particularly Philander Smith College," Smothers said. "Their commitment to the future of this great state is demonstrated by their focus on improving the lives of Arkansans by investing in higher education."
Along with eight members of the Caucus, the approximately 150 guests included Lisenne Rockefeller; Little Rock Mayor Frank D. Scott Jr; Arkansas Hospital Association executive Romeeka Taylor; and Archie Schaffer and Jeffrey Wood with Tyson Foods. Other distinguished guests included Bob Dodson, Arkansas Realtors Association; Arkansas Attorney General Leslie Rutledge; and Randy Zook, president/chief executive officer of the Arkansas State Chamber of Commerce. Members of the Philander Smith board of trustees present were Dr. Maurice Gipson, Dr. Tionna Jenkins, Karyn Bradford Coleman, Roderick Dunn and Bishop Gary Mueller of the Arkansas Conference of the United Methodist Church.
The event yielded more than $350,000 for the college
zayk35
Superstar
See these the type of ppl we need to champion. I like our rappers, singers, dancers, and, actors but fuk them.
get these nets
Veteran
..
get these nets
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get these nets
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Alpha Kappa Alpha Sorority, Inc.® Contributes $1.6 Million to Black Colleges and Universities
First Black Sorority's Endowment Fund provides much-needed support to HBCUs
CHICAGO, July 28, 2021 Alpha Kappa Alpha Sorority, Incorporated®, in partnership with the Educational Advancement Foundation (EAF), has presented its third round of endowment funds in the amount of $1.6 million to 35 additional HBCUs as part of a four-year fundraising campaign led by AKA International President and Chief Executive Officer Dr. Glenda Glover to help secure fiscal sustainability and success across all HBCUs.
"HBCUs have received tremendous media attention over the past several months with the inauguration of America's first Vice President who is a graduate of an historically Black university," said Dr. Glover, who also is president of Tennessee State University and an HBCU graduate. "It is an historic moment for HBCUs, who graduate 22% of all African Americans with bachelor degrees, nearly 80% of all African-American judges, and 50% of all Black lawyers. We must continue our efforts to support these treasured educational institutions that make such meaningful contributions to our world through the students they graduate."
It is undeniable that HCBUs cultivate leaders whose impact is felt in their communities and globally around the world.
For the past four years, Dr. Glover has challenged the sorority's more than 300,000 college-educated members, as well as corporate partners and donors, to raise $1 million in 24 hours through the sorority's annual HBCU Impact Day. Members and supporters have consistently surpassed the goal, raising $1.3 million in 2020. These funds help schools reduce student debt through scholarships, fund industry-specific research, recruit and retain top faculty, and provide support for other critical operations.
"It is undeniable that HCBUs cultivate leaders whose impact is felt locally in their communities and globally around the world. We are proud to have fully committed our endowment funds to these deserving schools and their students," said President Glover. "Our investment lends credence to the significance of HBCUs and underscores their contributions to the world."
At its recent virtual international convention this month, the AKA Educational Advancement Foundation presented unrestricted endowment funds in the amount of $50,000 to the following HBCUs: Alabama A&M University, Alabama State University, Bethune-Cookman University, Charles R. Drew University of Medicine and Science, Claflin University, Clark Atlanta University, Clinton College, Florida A&M University, Hampton University, Howard University, Interdenominational Theological Center, Jackson State University, Johnson C. Smith University, Meharry Medical College, Morehouse College, Morehouse School of Medicine, Morgan State University, Morris College, North Carolina A&T State University, Prairie View A&M University, Simmons College of Kentucky, Southwestern Christian College, Spelman College, Texas Southern University, Tuskegee University, University of Maryland Eastern Shore, University of the District of Columbia, University of the Virgin Islands, Virginia State University, Virginia Union University, Winston-Salem State University, and Xavier University of Louisiana.
Receiving endowments of $12,500 were Bishop State Community College, Coahoma Community College, and Shorter College
First Black Sorority's Endowment Fund provides much-needed support to HBCUs
CHICAGO, July 28, 2021 Alpha Kappa Alpha Sorority, Incorporated®, in partnership with the Educational Advancement Foundation (EAF), has presented its third round of endowment funds in the amount of $1.6 million to 35 additional HBCUs as part of a four-year fundraising campaign led by AKA International President and Chief Executive Officer Dr. Glenda Glover to help secure fiscal sustainability and success across all HBCUs.
"HBCUs have received tremendous media attention over the past several months with the inauguration of America's first Vice President who is a graduate of an historically Black university," said Dr. Glover, who also is president of Tennessee State University and an HBCU graduate. "It is an historic moment for HBCUs, who graduate 22% of all African Americans with bachelor degrees, nearly 80% of all African-American judges, and 50% of all Black lawyers. We must continue our efforts to support these treasured educational institutions that make such meaningful contributions to our world through the students they graduate."
It is undeniable that HCBUs cultivate leaders whose impact is felt in their communities and globally around the world.
For the past four years, Dr. Glover has challenged the sorority's more than 300,000 college-educated members, as well as corporate partners and donors, to raise $1 million in 24 hours through the sorority's annual HBCU Impact Day. Members and supporters have consistently surpassed the goal, raising $1.3 million in 2020. These funds help schools reduce student debt through scholarships, fund industry-specific research, recruit and retain top faculty, and provide support for other critical operations.
"It is undeniable that HCBUs cultivate leaders whose impact is felt locally in their communities and globally around the world. We are proud to have fully committed our endowment funds to these deserving schools and their students," said President Glover. "Our investment lends credence to the significance of HBCUs and underscores their contributions to the world."
At its recent virtual international convention this month, the AKA Educational Advancement Foundation presented unrestricted endowment funds in the amount of $50,000 to the following HBCUs: Alabama A&M University, Alabama State University, Bethune-Cookman University, Charles R. Drew University of Medicine and Science, Claflin University, Clark Atlanta University, Clinton College, Florida A&M University, Hampton University, Howard University, Interdenominational Theological Center, Jackson State University, Johnson C. Smith University, Meharry Medical College, Morehouse College, Morehouse School of Medicine, Morgan State University, Morris College, North Carolina A&T State University, Prairie View A&M University, Simmons College of Kentucky, Southwestern Christian College, Spelman College, Texas Southern University, Tuskegee University, University of Maryland Eastern Shore, University of the District of Columbia, University of the Virgin Islands, Virginia State University, Virginia Union University, Winston-Salem State University, and Xavier University of Louisiana.
Receiving endowments of $12,500 were Bishop State Community College, Coahoma Community College, and Shorter College
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Alabama A&M
Alabama A&M gets multi-million dollar donation from alumnus
Augt 18, 2021
HUNTSVILLE, Ala. – Alabama A&M University officials announced on Wednesday that an anonymous, young alum has donated $2.2 million to their beloved alma mater. The actual gift amount totals $2,187,518.75, which is twice reflective of the institution’s founding year of 1875.
“This is the most significant and impactful gift in the history of Alabama A&M University. When one of our very own alumni makes such a substantial investment to the institution, it serves as affirmation that the University has made significant progress and that it continues to move in the right direction,” said President Andrew Hugine, Jr.
The gift represents the largest donation from an individual and/or alum to AAMU in its almost century and a half of existence.
The anonymous donor stated, “This gift is personal to me. This is my university, and it has afforded me opportunities beyond what I could have ever imagined. It has been my life’s mission to make a sizeable investment in my alma mater prior to President Hugine’s retirement and under the advancement leadership of Dr. Archie Tucker, who has been a tremendous asset to the University. As a graduate, I personally know of several other alumni who can make a similar gift, and I challenge them to do the same. In return, I do not want any recognition or anything named after me, because service is sovereignty.”
The gift was intended to be a challenge and call to action for Alabama A&M alumni.
Archie Tucker, II, Vice President for Marketing, Communication & Advancement stated, “This gift is symbolic on so many fronts, and it sets the tone for future leadership gifts from the alumni of Alabama A&M University, while also displaying to Corporate America and philanthropists that our graduates have achieved success and are willing to invest in the institution in significant ways. We hope that this will encourage greater investments from Corporate America and philanthropists in the future.”
University officials indicated that $1 million will support athletic programs and the remainder will fund ongoing University initiatives.
“This gift is the largest private investment in the history of AAMU Athletics. The gift will enable our athletic programs to be more competitive, while also enhancing the student-athlete experience. This certainly builds on the recent accomplishments of being tennis and football Southwestern Athletic Conference Champions, along with being the reigning HBCU Football National Champs,” said Bryan Hicks, Director of Athletics.
AAMU officials note that their alumni are leaders in various sectors including business, agriculture, healthcare, sports, entertainment, and others. Although donations of any size are appreciated, leadership gifts of this caliber expedite the progress of the institution.